US Rise of Industrialization Notes Quiz

Quiz
•
History
•
11th Grade
•
Hard
David Flores
Used 2+ times
FREE Resource
10 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What was the impact of industrialization on the standard of living for most Americans?
It decreased the standard of living
It had no effect on the standard of living
It increased the standard of living
It is impossible to determine
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the concept of laissez-faire in relation to the economy?
Government should heavily regulate the economy
Government should have no involvement in the economy
Government should only regulate certain industries
Government should control all aspects of the economy
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is vertical integration?
The merger of competing companies in an industry
The effort of a firm to reduce costs by controlling all aspects of production in an industry
The purchase of raw materials and transportation methods by a company
The elimination of weaker competition through aggressive tactics
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who introduced vertical integration in the steel industry?
Andrew Carnegie
J.D. Rockefeller
Herbert Spencer
Standard Oil
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is horizontal integration?
The merger of competing companies in an industry
The effort of a firm to reduce costs by controlling all aspects of production in an industry
The purchase of raw materials and transportation methods by a company
The elimination of weaker competition through aggressive tactics
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who used horizontal integration to dominate the oil refining industry?
Andrew Carnegie
J.D. Rockefeller
Herbert Spencer
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What theory did Herbert Spencer propose?
Social Darwinism
Laissez-faire
Vertical Integration
Horizontal Integration
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